Agility’s GCS court Ruling

Please be informed that on the 15th June 2014, a judgment has been rendered in the case no. 224 of 2007/General Administrative that is merged with case no 1245 of 2007/Administrative, in favor of Global Clearing House Systems Company “GCS”, one of Agility Public Warehousing Company KSCP subsidiaries, against the Customs General Directorate and others.

The Customs General Directorate and the Ministry of Finance appealed the judgment by appeal no 1955 of 2014/Commercial and Global Clearing House Systems Company also appealed the judgment by appeal no 1923/2014/Commercial.

On the court hearing dated 13 September 2015, the court has resolved to accept the previous 2 appeals in form and dismiss the appeals in substance and endorse the appealed judgement that was notified to the stock Exchanges back on 16 June 2014.